Bajaj Auto Reports Record Revenue, But Shares Plummet 10%; Learn More on ThisBajaj Auto Reports Record Revenue, But Shares Plummet 10%; Learn More on This

Bajaj Auto Ltd. experienced a 10% decline in its share price during early trading on Thursday, reaching its lowest point since August. This drop came despite the company achieving its highest quarterly revenue ever for the July-September period.

For the quarter ending September 30, Bajaj Auto reported a standalone net profit of Rs 2,005 crore, marking a 9% year-on-year increase. Revenue surged by 22% to Rs 13,127 crore.

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The company also achieved record operational profitability, with its earnings before interest, tax, depreciation, and amortization (EBITDA) margin exceeding 20% for the fourth consecutive quarter, despite challenges posed by an electric vehicle (EV) overhang.

As of 9:28 a.m., Bajaj Auto’s stock traded at Rs 10,764 per share, down 7.3%, compared to a minor decline of 0.16% in the benchmark NSE Nifty 50 index. The intraday decline peaked at 8.5%, bringing the share price to Rs 10,629.7, the lowest since August 29.

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Despite the recent downturn, Bajaj Auto’s stock has appreciated significantly, rising 108% over the past year and 58% year-to-date. The trading volume on this day was 18 times higher than its 30-day average, indicating heightened investor activity, while the relative strength index stood at 32.